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Marginal Social Cost
The total cost to society of producing one additional unit of a good or service, including both private costs and externalities.
Marginal Social Benefit
The additional benefit that society gains from consuming an additional unit of a good or service.
Government Intervention
Actions taken by a government to affect or interfere with economic activity, often to correct market failures and promote economic welfare.
Pollution
The presence or introduction into the environment of contaminants or substances that cause harm or discomfort to organisms, including humans.
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